https://www.taxtmi.com/article/detailed?id=9290 The AAR held that interest income exempted by the rate Notification (services by way of extending deposits, loans or advances where consideration is interest) constitutes exempt supplies and must be aggregated with taxable supplies, such as rent, to determine the 'aggregate turnover' for GST registration threshold. The author disputes this, arguing that 'supply' requires receipt to be in the course or furtherance of business and that personal interest receipts unconnected to business should not be included. en-us Wed, 24 Jun 2020 09:37:36 +0530 Wed, 24 Jun 2020 09:37:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9290 The AAR held that interest income exempted by the rate Notification (services by way of extending deposits, loans or advances where consideration is interest) constitutes exempt supplies and must be aggregated with taxable supplies, such as rent, to determine the 'aggregate turnover' for GST registration threshold. The author disputes this, arguing that 'supply' requires receipt to be in the course or furtherance of business and that personal interest receipts unconnected to business should not be included. Articles Goods and Services Tax - GST Wed, 24 Jun 2020 09:37:36 +0530 https://www.taxtmi.com/article/detailed?id=9290